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An announcement from TZ Limited ( (AU:TZL) ) is now available.
TZ Limited has disclosed that it failed to make a scheduled AU$2.75 million debt repayment due on 31 December 2025 and breached a covenant requiring a minimum cash balance of AU$500,000. The company is working with its financier, Causeway Finance, to manage these issues while it pursues a capital raise with strategic and existing investors.
Causeway Finance has granted TZ Limited an interim waiver and extended the repayment deadline to 16 March 2026, requiring AU$1 million by that date and the remaining AU$1.75 million by 30 April 2026. TZ Limited says it is confident it can complete the capital raising and fully meet the AU$2.75 million repayment, a development that will be closely watched by shareholders and creditors given the covenant breach and liquidity pressures.
The most recent analyst rating on (AU:TZL) stock is a Sell with a A$0.04 price target. To see the full list of analyst forecasts on TZ Limited stock, see the AU:TZL Stock Forecast page.
More about TZ Limited
TZ Limited is an Australian company listed on the ASX under the ticker TZL. The company engages with strategic and existing investors in the capital markets to support its operations and meet its financing obligations, reflecting a dependence on external funding for its ongoing activities.
Average Trading Volume: 106,672
Technical Sentiment Signal: Sell
Current Market Cap: A$11.91M
For an in-depth examination of TZL stock, go to TipRanks’ Overview page.